The median sale price of a home sold in March 2017 in Excelsior rose by $81,500 while total sales decreased by 33.3%, according to BlockShopper.com.
In March 2017, there were four homes sold, with a median sale price of $377,500 – a 27.5% increase over the $296,000 median sale price for the same period of the previous year. There were six homes sold in Excelsior in March 2016.
The median sales tax in Excelsior for the most recent year with available data, 2015, was $5,453, approximately 1.4% of the median home sale price for March 2017.
The following table compares Excelsior to other Hennepin County cities with similar median sales prices in March 2017:
| City | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Edina | 71 | 53 | 34% | $525,000 | $488,000 | 7.6% |
| Shorewood | 15 | 16 | -6.3% | $497,500 | $331,500 | 50.1% |
| Tonka Bay | 2 | 2 | 0% | $433,500 | $304,325 | 42.4% |
| Dayton | 8 | 9 | -11.1% | $402,500 | $301,000 | 33.7% |
| Minnetrista | 21 | 22 | -4.5% | $377,700 | $355,411 | 6.3% |
| Excelsior | 4 | 6 | -33.3% | $377,500 | $296,000 | 27.5% |
| Eden Prairie | 62 | 73 | -15.1% | $362,500 | $315,000 | 15.1% |
| Minnetonka | 59 | 59 | 0% | $350,000 | $289,000 | 21.1% |
| Corcoran | 11 | 5 | 120% | $340,000 | $550,000 | -38.2% |
| Plymouth | 86 | 97 | -11.3% | $334,250 | $326,000 | 2.5% |
| Orono | 7 | 14 | -50% | $322,240 | $575,000 | -44% |
